BNY Mellon Beats Earnings Estimates on Higher Fees and Announces $6B Stock Buyback

Key TakeawaysThe Bank of New York Mellon reported earnings and revenue that exceeded forecasts on higher investment services fees.The oldest U.S. bank's total fees and other revenue jumped 6% in the first quarter from a year ago.BNY Mellon announced an additional $6 billion stock buyback program. The Bank of New York Mellon (BK) posted better-than-expected results as the oldest U.S. bank reported higher investment services fees. It also boosted its stock buyback program. The bank founded by Alexander Hamilt ...